"The mental errors are the result of thinking, believing or assuming that the technical method is telling us what is going to happen next on a trade by trade basis. Not understanding that technical methods are not designed to do that!. Technical methods and patterns are designed to put the Odds of success in our favor OVER A SERIES OF TRADES. It may not seem like it on the surface, but there are some profound psychological implications here. What this means is, the outcome generated by any technical method, on a trade by trade basis, are Unique and Random! In other words, there is no way to know in advance what the outcome of any particular signal will be, or what the sequence of wins or losses will be over a series of trades." Mark Douglas